12月20日，蓬江区委副书记、代理区长黄嘉仪会见了君乐宝乳业集团总裁助理王加春一行。 黄嘉仪代表区委、区政府对王加春一行的到来表示欢迎，并全面介绍了蓬江的独特优势与发展潜力。他 指出，蓬江凭借优越的区位条件、坚实的产业基础以及优质的营商环境，连续多年荣登中国市辖区高质 量发展百强榜单，经济社会发展势头强劲、活力迸发。目前，位于蓬江区棠下镇的君乐宝华南液态奶自 产加工销售一体化基地项目一期已基本完工，希望项目加快设备安装调试进度，实现早建成、早投产、 早达产，为蓬江健康食品产业集群发展注入强劲新动力。同时，希望企地双方能够加强交流对接，实现 更多领域、更深层次的务实合作、互利共赢。区委、区政府将一如既往亲商、爱商、护商、助商，持续 打造一流营商环境，让企业在蓬江放心投资，安心发展。 王加春对蓬江区的热情接待表示感谢，并详细介绍了君乐宝华南乳业全产业链一体化基地项目的规划与 进展。该项目是君乐宝深化全国布局、融入粤港澳大湾区战略的重要支点，项目分两期有序推进建设， 一期主要建设鲜奶、酸奶、乳饮料、学生奶生产线；二期将根据市场需求逐步增资扩产，致力于建成华 南地区重要的乳制品产业基地。目前，君乐宝江门工厂主体已全部 ...

伊利集团副总裁刘大鹏在致辞中表示，作为从内蒙古走向全球的企业，回馈家乡、守护青少年成长，是 伊利刻在基因里的责任与使命。此次再次回到这里，希望这份"来自家乡的营养力量"，能陪伴孩子们在 草原上奔跑、在课堂上探索，以更健康的体魄、更充沛的能量，向着更大的舞台追光前行。 这次联合行动，并不是伊利第一次来到呼和浩特市第三十二学校。多年来，伊利始终将这所学校视 为"家门口"的重点校园伙伴：一方面依托"伊利营养2030"项目，连续多年为在校学生提供学生奶等营养 支持，守护孩子们的日常成长；另一方面参与学校青少年活动中心等功能空间共建，打造集阅读、素质 活动、心理关怀等于一体的成长空间，为孩子们营造更有温度的校园成长环境。 12月9日，伊利股份（600887）（600887.SH）基于"伊利营养2030"公益项目，与联想集团联合发起"益 起联想 与AI相伊"公益行动，走进呼和浩特市第三十二学校，用"营养+科技"的创新模式，为草原少年 注入追梦新动力。活动上，伊利宣布将面向土默特左旗全域捐赠160000盒学生奶，为学生提供持续稳定 的营养支持。 营养支持＋科技赋能，让孩子们在惊喜中看见更大的世界 这一次，伊利与联想带给校园 ...

12月9日，伊利集团基于"伊利营养2030"公益项目，与联想集团联合发起"益起联想 与AI相伊"公益行 动，走进呼和浩特市第三十二学校，用"营养+科技"的创新模式，为草原少年注入追梦新动力。活动 上，伊利宣布将面向土默特左旗全域捐赠160000盒学生奶，为学生提供持续稳定的营养支持。 伊利集团副总裁刘大鹏在致辞中表示，作为从内蒙古走向全球的企业，回馈家乡、守护青少年成长，是 伊利刻在基因里的责任与使命。此次再次回到这里，希望这份"来自家乡的营养力量"，能陪伴孩子们在 草原上奔跑、在课堂上探索，以更健康的体魄、更充沛的能量，向着更大的舞台追光前行。 学生代表上台领取学习用品包 伊利集团 X 联想集团联合公益行动捐赠仪式 这次联合行动，并不是伊利第一次来到呼和浩特市第三十二学校。多年来，伊利始终将这所学校视 为"家门口"的重点校园伙伴：一方面依托"伊利营养2030"项目，连续多年为在校学生提供学生奶等营养 支持，守护孩子们的日常成长；另一方面参与学校青少年活动中心等功能空间共建，打造集阅读、素质 活动、心理关怀等于一体的成长空间，为孩子们营造更有温度的校园成长环境。 营养支持＋科技赋能，让孩子们在惊喜中看见更大的 ...

Core Viewpoint - Tianrun Dairy is facing significant financial challenges, reporting a net loss of 10.61 million yuan in the first three quarters of 2025, compared to a profit of 22.27 million yuan in the same period last year, primarily due to increased culling of low-value cows and provisions for bad debts related to student milk and nurturing projects [1][4][5]. Financial Performance - For the first three quarters of 2025, Tianrun Dairy achieved operating revenue of 2.074 billion yuan, a year-on-year decrease of 3.81% [1][4]. - The company reported a net loss of 10.61 million yuan, with the first quarter alone accounting for a significant portion of this loss, at 73.30 million yuan [4][5]. - Revenue for the second and third quarters was 771 million yuan and 678 million yuan, showing year-on-year declines of 3.94% and 4.84%, respectively [5]. Operational Adjustments - Since 2024, the company has been optimizing its cattle structure by increasing the culling of cows, resulting in a decrease in the number of cows from 64,800 at the end of 2024 to 51,900 by the end of the third quarter of 2025 [1][5]. - The company has indicated that it is actively responding to market conditions through strategic adjustments and refined management, aiming for "sales growth and reduced losses" [8]. Project Development - Tianrun Dairy's project for an annual production capacity of 200,000 tons of dairy products has seen a total investment of 367 million yuan, with an investment progress of 51.5% as of the end of 2024 [2][10]. - By mid-2025, the cumulative investment had increased to 381 million yuan, with a progress rate of 53.47% [10]. - The project is reported to have been completed and is in trial operation as of September 2025 [11]. Market Context - The dairy farming industry in China is currently experiencing overall losses, with cumulative income losses projected at 70 billion yuan from 2023 to 2025 [6]. - The first half of 2025 saw a 0.3% decline in national dairy product output compared to the previous year, exacerbated by intensified market price competition [8].

Core Viewpoint - Tianrun Dairy (600419) reported a decline in both revenue and net profit for the third quarter of 2025, indicating challenges in its operational performance [1] Financial Performance - The company's third-quarter revenue was 678 million yuan, a year-on-year decrease of 4.84% [1] - Net profit for the third quarter was 11.24 million yuan, reflecting a significant year-on-year decline of 77.6% [1] - For the first three quarters, total revenue reached 2.074 billion yuan, down 3.81% compared to the same period last year [1] - The company reported a net loss of 10.61 million yuan for the first three quarters [1] Operational Challenges - The decline in performance is attributed to the company's increased efforts in eliminating low-production-value cattle [1] - The company has also made provisions for bad debts related to student milk and infant formula receivables [1]

Group 1 - The project of Junlebao's South China dairy industry integration base has officially started construction at the end of 2023 and has recently completed the main structure of the office building after 20 months of construction [1] - The total planned investment for the project is 3 billion yuan, which will include a dairy source base, liquid milk R&D center, production base, dairy science popularization base, liquid milk industrial tourism center, and South China sales headquarters [1][3] - The project aims to significantly enhance Junlebao's coverage of the South China market and is a key part of the company's strategy to deepen its national layout and integrate into the Guangdong-Hong Kong-Macao Greater Bay Area [1] Group 2 - The liquid milk production base and ranch construction will have a total investment of approximately 1.5 billion yuan, covering an area of about 100 acres, and will serve markets in Guangdong, Guangxi, Hunan, Fujian, Jiangxi, and Hainan [3] - The project is planned to be built in two phases, with the first phase focusing on the production lines for fresh milk, yogurt, dairy beverages, and student milk, while the second phase will expand based on market demand [3] - Junlebao plans to develop a full industry chain model in Jiangmen, investing in multiple large modern ranches covering about 300 acres, utilizing international standards in ranch construction and dairy farming [5] Group 3 - Junlebao's chairman, Wei Lihua, emphasized the company's increased investment in R&D across the entire industry chain to enhance product quality through technological innovation and to actively explore markets [5] - The completion of the South China dairy industry integration base project is expected to become a new growth point for Junlebao and inject momentum into the revitalization of the dairy industry and improvement of livelihoods in the South China region [5]

Core Viewpoint - The Ministry of Agriculture and Rural Affairs has issued a notification aimed at alleviating the difficulties faced by the dairy industry and enhancing the high-quality development of the entire industry chain in response to current challenges such as insufficient consumer demand and rising production costs [1][2]. Group 1: Industry Challenges - The dairy industry is currently experiencing low prices for fresh milk, a slowdown in dairy product consumption growth, and significant losses for farms, leading to a dual pressure of "difficulty in selling milk" and "high costs" [1]. - The notification addresses the need for improved coordination within the industry chain to tackle these challenges effectively [1]. Group 2: Policy Measures - The notification outlines specific measures including the implementation of central financial support policies, increasing the supply of quality feed, and improving farming facilities [1][2]. - Local governments are encouraged to introduce tailored subsidy policies for breeding, spraying, and increased purchasing [1][2]. Group 3: Financial Support and Risk Management - The notification emphasizes the establishment of a whitelist system and encourages financial institutions to innovate products like "silage loans" to meet the funding needs of farming entities [2]. - It also highlights the importance of optimizing herd structure and enhancing the quality safety supervision of fresh milk [2]. Group 4: Consumer Promotion - To boost consumption, the notification calls for increased promotion of dairy products, encouraging the development of affordable and simplified packaging [3]. - It suggests expanding the "student milk program" and promoting dairy products in canteens and welfare institutions, along with the distribution of milk consumption vouchers to specific groups [3]. Group 5: Collaborative Mechanisms - The notification requires the establishment of a collaborative mechanism among various departments to address new challenges in the industry and promote high-quality development [3].

Core Viewpoint - Yantang Dairy has obtained the "China Student Drinking Milk Logo Usage License" for its flagship factory in Guangzhou and its subsidiary in Zhanjiang, qualifying them to participate in student milk procurement tenders [1] Group 1 - The company is actively developing its student milk business and participating in various student milk procurement tenders [1] - Yantang Dairy is continuously deepening its campus channel development and accelerating market expansion [1] - Recently, the company has won multiple student milk project bids [1]

Core Points - The "high-priced student milk" incident in Pinglu County, Shanxi Province, has drawn significant public attention due to the procurement prices being much higher than market rates [2][3] - Former head of the Pinglu County Education Bureau, Zhao Xinghui, was found guilty of accepting bribes related to procurement projects, totaling 1.02 million yuan, and was sentenced to three years and one month in prison [6][8] - The procurement process for student nutrition meals was claimed to be legal and compliant by the education bureau, but subsequent investigations revealed irregularities [5][6] Procurement Details - The winning bids for the student nutrition meal project included three companies with total bid amounts of 10.731 million yuan, 9.06 million yuan, and 7.548 million yuan, with each 200ml box of yogurt priced at 5 yuan [3][4] - Market comparisons showed that similar products from brands like Mengniu, Junlebao, and Yili were priced significantly lower, with prices around 2.41 to 2.7 yuan per box when purchased in bulk [4][5] Legal Proceedings - Zhao Xinghui's case revealed that he used his position to facilitate contracts for various projects, including student nutrition meal procurement, in exchange for bribes [6][9] - The largest single bribe received by Zhao was 500,000 yuan from a security service company, which was linked to a school security project [7][8] - Following the public outcry over the high-priced milk, the Pinglu County Education Bureau announced the termination of the nutrition meal procurement project [8][9] Broader Implications - The incident highlights ongoing issues of corruption and lack of transparency in government procurement processes, which undermine public trust and fair market practices [10] - Experts suggest that reforms are needed to enhance transparency, reduce human intervention, and establish strict penalties for corrupt practices in government procurement [10]